Wednesday, 19 September 2012

Senators, Reps Tear N5000 Note Into Pieces..Ask Jonathan To Stop CBN Governor

The National Assembly on Tuesday passed different resolutions asking President Goodluck Jonathan to stop the Central Bank of Nigeria from introducing its controversial N5000 note..

Members of both the Senate and the House of Representatives resumed from their recesses on Tuesday with the controversial plan by the CBN taking the front burner.
While the Senate unanimously adopted a motion urging “The President and to direct the CBN to stop all actions on the issuance of the proposed N5000 note and all matters connected therewith,” the House members directed the apex bank to put the plan on hold for four weeks.
The House also queried the legality of Jonathan’s Economic Management Committee and its competence in approving the currency review plan.
When The PUNCH sought the reaction of the CBN governor, Lamido Sanusi, to the development, he said, “I have no comment.”

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